7.13 Midday Thoughts


On the 1-hour timeframe, consecutive closes produced lower lows. RSI bottomed at 27.68. The bid depth ratio is 0.48, and sell orders are clearly stacked. The 4H MACD histogram keeps expanding, and there are no signs that bearish momentum is exhausted. After breaking below the EMA50 support during the day, the rebound lacked strength. The funding rate remains positive, and long positions in profit face liquidation risk.

Trading plan: BTC 63,000-63,500 target: 61,700
-60,800
Second pie: 1800-1820 target: 1700-1650
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